Magmatic Resources Drills Weebo Gold After Supergene Hits

Magmatic Resources (ASX: MAG) has started its phase three reverse circulation (RC) and aircore (AC) drilling program at the Weebo gold project in Western Australia's Eastern Goldfields. The campaign targets bedrock mineralisation beneath supergene gold anomalies identified in earlier phases.

The program includes 1,745m of RC drilling and 5,000m of AC drilling. The RC component is designed as "the next step" to advance bedrock targets across multiple prospects. A steady flow of assay data is expected over the next two to three months, according to Managing Director David Richardson.

Why Phase Three Is Different From Earlier Work

Phase one and two drilling at Weebo defined extensive supergene gold anomalies. Phase three shifts the focus to the primary source. The RC rig is testing deeper exploration targets, while the AC rig extends both the gold anomalies and the down-dip mineralisation defined in earlier programs.

Targeting Bedrock at Ockerburry and Scone Stone

At Ockerburry 1 and 3, the company is targeting bedrock mineralisation under the supergene anomalies. At Scone Stone, drilling tests lateral and down-dip mineralisation in a favourable porphyry host below supergene gold. These prospects represent the highest-conviction targets from the earlier work.

Otto 2 and Sholl's Find

At Otto 2, Magmatic is testing a significant gold intercept under Permian glacial cover. The company has designed two RC drill holes for 405m to confirm historic drilling and determine the dip of the structure hosting the intercept. Ongoing step-out drilling will be guided by results from these holes. At Sholl's Find, scout drilling targets significant gold shoots.

The Wheel of Fortune Prospects

The 5,000m of AC drilling is also advancing the Wheel of Fortune 1, Wheel of Fortune 4, and West Gold prospects to RC drill-ready status. These targets sit within the broader Weebo project area and will require deeper testing if AC results confirm extensions.